Stockholders' Deficiency

6 Months Ended

Jun. 30, 2012

Stockholders' Deficiency [Text Block]

4.	Stockholders' Deficiency
	(A)	Common Stock Issued for Purchase of Software
		During 2002, the Company issued 3,700,000 shares of common stock in association with the purchase of computer software. Additionally, the Company has agreed to pay the seller a royalty fee of 7% of gross sales. As of June 30, 2012, the Company has not made any sales of the software that would result in the payment of a royalty fee.
	(B)	Common Stock Issued for Debt
		During 2002, the Company issued 1,276,227 shares of common stock in order to settle debt amounting to $199,148. ($0.1560 per share)
		During 2003, the Company issued 40,000,000 shares of common stock in order to settle debt amounting to $40,000. ($0.0010 per share)
		During 2004, the Company issued 33,873,733 shares of common stock in order to settle debt amounting to $21,316. ($0.0006 per share)
	(C)	Common Stock Issued for Cash
		During 2002, the company issued 445,900 shares of common stock for $44,590 in conjunction with a private placement offer less a finance fee of $9,590 for a net cash value of $35,000. ($0.0785 per share)
	(D)	In-kind Contribution
		During 2007, the Company recorded additional paid-in capital of $72,000 for the fair value of services provided to the Company by its president.
		During 2007, the Company recorded additional paid-in capital of $19,184 for the imputed interest on loans from related party. (see Note 3)
		During 2008, the Company recorded additional paid-in capital of $72,000 for the fair value of services provided to the Company by its president.
		During 2008, the Company recorded additional paid-in capital of $24,117 for the imputed
		During 2009, the Company recorded additional paid-in capital of $72,000 for the fair value of services provided to the Company by its president.
		During 2009, the Company recorded additional paid-in capital of $29,244 for the imputed interest on loans from related party. (see Note 3)

	During 2010, the Company recorded additional paid-in capital of $72,000 for the fair value of services provided to the Company by its president.
	During 2010, the Company recorded additional paid-in capital of $33,725 for the imputed interest on loans from related parties. (See Note 3)
	During 2011, the Company recorded additional paid-in capital of $72,000 for fair value of services provided by the Company by its president.
	During 2011, the Company recorded additional paid-in capital of $37,215 for the imputed interest on loans from related parties. (see Note 3)
	In December 2011, the officer and director forgave $228,029 of advances. The total forgiveness of debt was recorded as additional paid in capital in 2011.
	During six months ending June 30, 2012 the Company recorded additional paid-in capital of $36,000 for the fair value of services provided to the Company by its president.
	During six months ending June 30, 2012, the Company recorded additional paid-in capital of $906 for the imputed interest on the advances from a director and note payable - related party.
	In June 30, 2012, the officer and director forgave $6,726 of advances. The total forgiveness of debt was recorded as additional paid in capital in 2012. (See Note 3)
(E)	Amendment to Articles of Incorporation
	During 1999, the Company amended its Articles of Incorporation to change the name of the corporation and provide for an increase in its authorized share capital. The name of the Company was changed from Europa Resources, Inc. to EWRX Internet Systems, Inc. The authorized capital stock increased to 100,000,000 common shares at a par value of $0.001 per share.
	During 2009, the Company amended its Articles of Incorporation to increase the authorized capital stock to 200,000,000 common shares at a par value of $0.001 per share.